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Technology Stocks : Fonix:Voice Recognition Product (FONX) -- Ignore unavailable to you. Want to Upgrade?

To: Randall E Westberg who wrote (1522)	12/23/1997 2:15:00 AM
From: Randall E Westberg	Respond to of 3347

About the same time Mr. Murdock made those statements... Joe Kaeser, chief financial officer of Siemens Semiconductor's microelectronics unit, was somewhat tight-lipped about the alliance, citing the nondisclosure terms of the pact. "What we have seen and heard (about the technology) has led us to believe the two companies can work together," said Kaeser, although he would not disclose whether he had personally seen the technology fully demonstrated. He brushed off market concerns. "Nothing is guaranteed in life," he said. "There is always some risk, but we believe this was a good deal to make. We think there's a good chance it will improve our presence in this fast-growing market." However, he said profits could be some time away, as he estimates it will take 18 to 24 months after the technology is integrated before the companies realize gains from the alliance.

To: Randall E Westberg who wrote (1522)	12/23/1997 7:50:00 AM
From: Dr. Bob	Read Replies (1) \| Respond to of 3347

Thanks, Randy. So perhaps fonix can get some cash from Siemens before the end of the year "from purchases of fonix stock by Siemens at market rates", though the only way this would generate free cash is through issuing still more stock, making the deal dilutional. Your next post gets us back to the 2 year horizon for meaningful revenues from the Siemens deal, rather than 6 months. None of the releases then or since gave us a real feeling for the magnitude of the revenues - would they even be enough to meet expenses? maybe get into the black by '99? Still no guidance for an investor other than the very nebulous "we've got a great technology here". Bob